RHB Bank Berhad (MYX: 1066) Is A Malaysian Bank Headquartered In Kuala Lumpur, Established In 1997. It Is The Fourth Largest Fully Integrated Financial Services Group In Malaysia.
With Over 200 Branches In Malaysia, RHB Bank Offers A Range Of Banking Products And Services To Individuals, Small Businesses And Businesses. RHB Bank Is One Of The Few Banks In Malaysia To Offer Islamic Banking Products And Services. These Products Are Provided Through Its Subsidiary, RHB Islamic Bank Berhad. RHB Islamic Bank Has An Extensive Network Of Branches And ATMs In Malaysia And Offers A Range Of Banking Products And Services That Comply With Sharia Principles.
RHB Bank Is Listed On Bursa Malaysia And Has A Market Capitalisation Of RM24.77 Billion As Of August 2022.
History
As A Wholly Owned Subsidiary Of Industrial Finance, Industrial Bank Limited Is The Result Of Three Mergers In 1997, 1999 And 2003 With Guangyi Bank Limited, Mori's Bank Limited And Allied Bank (Malaysia) Limited. Through The Merger, Its Key Milestones Are As Follows:
- Guangyi Bank Limited Was Established In Kuala Lumpur In 1913 As The First Local Bank In Malaya. The Bank's Co-founders Include Chan Wing, Cheong Yoke Choy And Loke Yew. In 1997, Guangyi Bank Limited Merged With Dulwich Bank Beijing, Becoming The Largest Bank Merger Ever In The Country At The Time.
- United Malayan Bank Limited ("UMBC") Was Established In 1959 And Subsequently Officially Announced Its Opening In 1960, Becoming The First Commercial Bank To Be Established After Malaya's Independence.
- In 1996, UMBC Became Part Of Sime Darby Limited And Was Renamed Sime Darby Bank Limited. In 1999, It Merged With RHB Bank To Become Part Of The RHB Banking Group.
- Bank Utama Was Established In 1976. In 1998, Bank Utama Merged Its Business Operations With Those Of Kewangan Utama Berhad. In 2003, RHB Bank Merged With Bank Utama.
Milestones - 1913 To 2017
- 1913: Kwong Ik (Selangor) Bank Limited Was Incorporated And Commenced Business At The Old Market Square On 15 July 1913. Cheong Yoke Choy Was Appointed Chairperson Of The Board.
- 1915: Moved From Market Square To The Corner Of Jalan Bandar And Jalan Silang And Stayed Until 1938.
- 1920s And 1930s: Provided Credit To Local Traders, Mainly Chinese Merchants, Miners And Plantation Owners, In A Financial Environment Dominated By Foreign Banks. Despite The Economic Depression Of The 1930s, Quang Yi Bank Played An Important Role In The Growing Prosperity Of Malaya And The Demand For Rubber And Tin.
- 1938: Moved To Quang Yi Bank Barristers. This Was Its Foundation Until The 1960s.
- 1940S: Suspended Operations With The Japanese Occupation And World War II. After The War, The Bank Resumed Operations. In 1941, The Total Amount Of Deposits Was RM5 Million.
- 1950s: Played An Integral Role In The Economic Recovery Of The Country Before Independence. Established Links With Overseas Banks.
- 1961: Moved To Temporary Office Location In Jalan Bandar Pending Completion Of The New Headquarters. At This Time, The Total Amount Of Customer Deposits Was RM34 Million.
- 1963: Guangyi Bank Celebrated Its Golden Jubilee.
- 1964: The First Branch Opened In Jalan Pasar.
- 1965: The Landmark 10-storey Headquarters In Jalan Bandar (now Jalan Tun H.S. Lee) Was Inaugurated On September 10 By Then Prime Minister Tunku Abdul Rahman. Branches Were Opened In Jalan Ipoh And Jalan Bukit Bintang.
- 1967: The First Branch Opened In Petaling Jaya. By This Time, Both Kuala Lumpur And Petaling Jaya Were Expanding Rapidly, With Many Landmark Buildings Financed By Quang Ek Bank.
- 1968: Maybank Purchased 30% Of The Issued Share Capital Of Quang Ek Bank.
- 1970: Maybank's Shareholding Ratio In The Bank Increased To 51.15%. Guangyi Bank's Total Deposits At This Time Exceeded RM130 Million.
- 1970: New Linear Mark Was Introduced.
- 1979: Computerization Of Its Current And Savings Accounts Began.
- April 1981: Opening Of A Branch In Ipoh, The First Outside The Federal Territory And Selangor.
- 1985: Simultaneous Introduction Of An ATM Service Called "Boss" In 12 Branches In Kuala Lumpur, Petaling Jaya And Klang.
- 1987: Joined Forces With Maybank To Launch The Country's First Shared ATM Service, Known As The ABC Network.
- 1989: Launch Of The Corporate Boss Card And Its Sunday Banking Service.
- 1990: Mastercard Facility Launched.
- 1993: Guangyi Bank Celebrates Its 80th Anniversary. Currently, It Has 50 Branches And 1,680 Employees Across The Country. To Mark The Occasion, The Bank Produced Its First Television Advertisement.
- 1997: Rashid Hussain Bhd Acquired Malayan Banking's Stake In Kwong Yik Bank. The Bank Then Merged With DCB Bank (formerly Development And Commercial Bank, Established In 1966), Which Had Been Affiliated With RHB Since 1993. This Was The Largest Bank Merger In Malaysian History, Creating RHB Bank Berhad, Then The Third Largest Financial Services Group In Malaysia.
- 1997: Launched RHB Online Service To Provide Financial Services Via Computer And Telephone.
- 1999: Sime Bank Merged With RHB Bank To Become Part Of The RHB Banking Group.
- 2003: RHB Bank Merged With Utama Bank Berhad, Which Was Established In 1976.
- 2007: Employees Provident Fund (EPF) Became The Single Largest Shareholder Of RHB Capital. Purchased A 30% Stake In RHB Bank From Khazanah Holdings Limited, Making RHB Bank A 100% Subsidiary Of RHB Capital.
- 2003: RHB Bank Merged With Utama Bank Berhad, Which Was Established In 1976.
- 2007: Employees Provident Fund (EPF) Became The Single Largest Shareholder Of RHB Capital.
- 2009: Easy By RHB Is Established, The First Innovative Community Bank In Asia To Provide A Fast And Easy Banking Experience Through Cutting-edge Technology.
- 2012: RHB Capital Acquires OSK Investment Bank, Paving The Way For RHB Banking Group's Presence In ASEAN And Hong Kong.
- 2013: RHB Banking Group Celebrates 100 Years Of RHB Bank.
- 2016: RHB Bank Berhad Becomes The Listed Financial Holding Company Of RHB Capital Berhad.
- 2017: Proposed Merger Between RHB Bank And AmBank Group
Strategic Business Group (SBG)
Retail Banking
RHB Offers Insurance, Wealth Management, Installment, Credit Card And Unsecured Loans, And Secured Loans.
Group Transaction Banking (GTB)
RHB's Group Transaction Banking (GTB) Includes Cash Management, Trade Services, And Financial Institution Group And Correspondent Banking, Providing Transaction-related Services
Corporate And Investment Banking (CIB)
CIB Provides Corporate And Investment Banking Services, Including Corporate Finance Advisory, Equity And Debt Capital Markets, Securities And Futures Brokerage, Asset Management, Corporate Banking, Private Equity, And Research. CIB Provides Services To Public Companies, Multinational Companies, And Large Corporations In A Variety Of Industries.
Islamic Banking
RHB Banking Group Officially Received The License Of Its Islamic Banking Subsidiary On 1 March 2005, Becoming The First Commercial Banking Group In Malaysia To Have A Well-established Islamic Bank. RHB Islamic Banking Offers A Range Of Consumer, Corporate And Corporate Banking Services And Solutions Based On Shariah.
Global Finance Banking
Global Finance Banking Covers RHB Capital's Offshore Operations, Particularly Its Commercial Banking Operations In Singapore, Thailand, Brunei And Vietnam, As Well As Its Non-ringgit Financing Operations In Labuan.
Group Treasury
The Group Treasury Segment Consists Of The Treasury Divisions Of Commercial Banks, Investment Banks And Islamic Banks. Its Main Activities Include Managing Funds, Hedging And Investment Needs, Covering A Wide Range Of Treasury Products And Services.
